Many plan sponsors that have hired investment advisors, then feel the need to hire another independent advisor to report to its fiduciary committee on the compliance and processes of the investment advisor. With so much litigation and significant funds invested in plans, one can understand why such a service is desirable . . . but is it necessary? The answer is not simple, and this article reviews best practices in the fiduciary space.
Novel Coronavirus and Novel Opportunity for Fiduciary Review
There are so many titles floating around the retirement plan community that many plan sponsors have become numb to the differences and roles of their advisors. Clients of...